Chilled and deli foods speak to a lot of food items that are prepared to eat, simple to devour, and can be put away refrigerated for long spans for sometime later. In the previous couple of years, the worldwide of such foods, which incorporates an assortment of arranged plates of mixed greens, prepacked sandwiches, pies and exquisite hors d’oeuvres, soups, and meats, has seen a gigantic ascent over the globe. Occupied ways of life, inclination to outside foods, and universal refrigeration frameworks even crosswise over creating economies are a portion of the key variables adding to the development of the market.
These components are probably going to drive the market in the following couple of years also, permitting the worldwide chilled and deli foods market to enlist a 3.0% CAGR over the period somewhere in the range of 2015 and 2021. As this pace, the market, which esteemed at US$853.49 bn in 2016, is relied upon to ascend to an income chance of US$988.70 bn before the finish of 2021.
Prepacked Sandwiches Remain Most Popular Owing to Health Benefits
The report segments the global chilled and deli foods market based on criteria such as product type and geography. Based on product type, the market has been segmented into varieties such as pies and savory appetizers, prepacked sandwiches, prepared salads, meats, chilled pastas, chilled pizzas, and soups. Of these, the segment of prepacked sandwiches is gaining traction and is likely to emerge as a promising product throughout the report’s forecast period. The segment will benefit from the health benefits it provides over fast foods and deep-fried snacks. The low calorie composure of prepacked sandwiches also make them popular among health-conscious people, which are on a steady rise across the globe.
Over the next few years as well, the segment is likely to remain one of the most popular product segments and gain traction due to the rising focus of new vendors on innovation and expansion across emerging markets. Moreover, the expansion of the modern retail industry in emerging economies is also expected to work in favour of the product segment. Over the forecast period, the segment of pies and savory appetizers is also expected to exhibit a healthy growth pace. The segment of salads will benefit from the rising population of vegans globally.
North America and Europe Markets Continue to Provide High Growth Opportunities
From a geographical standpoint, the report segments the global chilled and deli foods market into regional categories such as Europe, North America, Europe, Asia Pacific, and Middle East and Africa. Of these, the markets in Europe and North America are presently the dominant revenue contributors to the global market owing to preference to ready-to-eat products, high disposable incomes, and busy lifestyles. The presence of a large number of small and prominent providers of a variety of chilled and deli foods in these regions also work well for the market. Moreover, the well-established modern retail industry and a number of supermarkets and hypermarkets are also driving the easy availability and thus the high uptake of chilled and deli foods.
However, the market in Asia Pacific is likely to emerge as one of the most lucrative regional markets in the next few years, thanks to the rising population of working class people, rising disposable incomes, busy lifestyles, high influence of Western food habits, and a thriving modern retail industry. The rising numbers of small and large providers of chilled and deli foods in emerging economies also contribute to the growth promise of the global chilled and deli foods market in the region.
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